diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 434dc1bb7e72..335865b50d6c 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.138.1"
+  ".": "2.138.2"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9a24b71371cf..d5de6c9678c5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Changelog
 
+## [2.138.2](https://github.com/Flagsmith/flagsmith/compare/v2.138.1...v2.138.2) (2024-08-28)
+
+
+### Bug Fixes
+
+* **django-upgrade:** upgrade django major version  ([#4136](https://github.com/Flagsmith/flagsmith/issues/4136)) ([aa234e4](https://github.com/Flagsmith/flagsmith/commit/aa234e45a90d384d52bcd1ab9135d912bedf6bf8))
+* feature-specific segments link ([#4299](https://github.com/Flagsmith/flagsmith/issues/4299)) ([bb4a89c](https://github.com/Flagsmith/flagsmith/commit/bb4a89c32851e55167b350bed5af935f484f329b))
+
+### Deprecations
+
+Since this release upgrades the Django major version, this release drops support for 
+Postgres <12.
+
 ## [2.138.1](https://github.com/Flagsmith/flagsmith/compare/v2.138.0...v2.138.1) (2024-08-27)
 
 
diff --git a/version.txt b/version.txt
index 8f51f8ad16dc..57b1c239a334 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-2.138.1
+2.138.2